Europe Plastic Recycling Market Growth, Trends, Share, Size, Revenue, Demand and Future Outlook
Europe Plastic Recycling Market Size- By Source, By Polymer Type, By Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: CHEM2426 | Pages: 1 - 159 | Formats*: |
| Category : Chemical & Materials | |||
Europe Plastic Recycling Market Introduction and Overview
According to SPER Market Research, the Europe Plastic Recycling Market is estimated to reach USD XX Billion by 2033 with a CAGR of 4.8%.
The report includes an in-depth analysis of the Europe Plastic Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Plastic materials that have experienced a transformation process—in which waste plastic is gathered, sorted, cleaned, and turned into new, useable products—are referred to as recycled plastic. The plastic is broken down into tiny pieces, melted, and then reshaped into different forms, such fibres, bottles, and containers. This recycling method lessens the demand for the manufacturing of virgin plastic, keeps plastic trash out of landfills, and conserves natural resources.
- October 2020: Nestle and Plastic Energy collaborated to assess the potential for the UK's first commercial large-scale facility. The recycling process developed by Plastic Energy provides a novel and environmentally friendly supply of premium recycled materials that can be included into Nestle goods.
Market Opportunities and Challenges
Opportunities:
Technological Developments in Plastic Recycling: Technological developments are always viewed as a chance to broaden the market because they will inevitably lead to improved and superior products as well as cost and energy savings, among other benefits. Modern recycling incorporates a variety of cutting edge technologies, including sophisticated sorting systems, mechanical recycling, and chemical recycling. In addition to assisting in overcoming obstacles like contamination and limited recyclability, this will help achieve a more effective and efficient recycling process and even produce higher-quality recycling goods.
Transitioning to a Circular Economy: An economic approach known as the "circular economy" aims to maximise resource utilisation, lessen waste, and encourage sustainability. Planning for waste and pollution is necessary in order to keep resources and objects in use for as long as possible by utilising strategies like recycling, reuse, and repair. The circular economy seeks to disentangle resource consumption from economic growth by encouraging regenerative behaviours, reducing reliance on finite resources, and closing the material flow loop. It aims to create a system where resources are used efficiently, waste is decreased, and the environment is protected in order to reap long-term economic, social, and environmental advantages.
Challenges:
Exorbitant Production Costs for Recycled Plastics: Plastic recycling faces many obstacles, one of which is that recycling plastic is more expensive than producing plastic from virgin ingredients. The difficulties in recycling are related to the intricate process of separating and processing plastic trash, as well as the wide range of plastic types. Geographically distributed garbage generation is one potential cause driving up the cost of producing recovered plastics. Plastic garbage is produced at various locations, which presents a significant difficulty for waste collection. Furthermore, recycling plastics is less financially viable when waste is sourced from remote locations due to the high expenses associated with collection and transportation.
High Installation Cost and Operational Errors: Recycling plastics presents challenges like high costs due to complex sorting processes and geographically dispersed waste generation, reducing economic feasibility.
Market Competitive Landscape
There are a number of major businesses working in the extremely competitive European recycled plastics sector. To improve their market position, these businesses use tactics like alliances, mergers and acquisitions, and product breakthroughs. The major key players in the Europe Plastic Recycling Market are: Alpek S.A.B. de C.V., Borealis AG, Dow, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Jayplas, LyondellBasell Industries Holdings B.V., MBA Polymers Inc., PLASTIPAK HOLDINGS, INC., Recycled Plastics UK, Repsol, Veolia, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Source, By Polymer Type, By Industry |
| Regions covered | Germany, France, the U.K., Spain, Italy, Netherlands, Russia, Turkey, Belgium, Switzerland, Rest of Europe |
| Companies Covered | Alpek S.A.B. de C.V., Borealis AG, Dow, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Jayplas, Lyondell Basell Industries Holdings B.V., MBA Polymers Inc, PLASTIPAK HOLDINGS INC, Recycled Plastics UK, Repsol, Veolia, Others |
COVID-19 Impact on Europe Plastic Recycling Market
The COVID-19 epidemic affected the European market for recycled plastics in both positive and negative ways. Positively, the epidemic raised consumer awareness of environmental effects of plastic waste and sustainability, which in turn raised demand for recycled plastic-based sustainable products. On the other hand, supply chain interruptions, a decline in production, and unstable economic conditions had a detrimental effect on the recycling sector. The supply of feedstock was hampered by recycling facility closures and a decline in the collecting of plastic waste. Long-term prospects for the European recycled plastics business are positive despite immediate obstacles, thanks to a persistent emphasis on sustainability and the circular economy.
Key Target Audience:
- Environmental Organizations
- Government and Regulatory Authorities
- Manufacturers Using Recycled Plastic
- Packaging Companies
- Plastic Product Manufacturers
- Plastic Recycling Companies
- Retailers and Consumer Goods Companies
- Waste Management Companies
- Others
Our in-depth analysis of the Europe Plastic Recycling Market includes the following segments:
| By Source: |
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| By Polymer Type: |
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| By Industry: |
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Key Topics Covered in the Report:
- Europe Plastic Recycling Market Size (FY’2024-FY’2033)
- Overview of Europe Plastic Recycling Market
- Segmentation of Europe Plastic Recycling Market By Source (Bottles, Films, Fibers, Foams, Others)
- Segmentation of Europe Plastic Recycling Market By Polymer Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyurethane (PUR) and Others)
- Segmentation of Europe Plastic Recycling Market By Industry (Packaging, Building and Construction, Automotive, Electrical and Electronics, Furniture, Textile and Clothing, Aerospace and Defence and Others)
- Statistical Snap of Europe Plastic Recycling Market
- Expansion Analysis of Europe Plastic Recycling Market
- Problems and Obstacles in Europe Plastic Recycling Market
- Competitive Landscape in the Europe Plastic Recycling Market
- Impact of COVID-19 and Demonetization on Europe Plastic Recycling Market
- Details on Current Investment in Europe Plastic Recycling Market
- Competitive Analysis of Europe Plastic Recycling Market
- Prominent Players in the Europe Plastic Recycling Market
- SWOT Analysis of Europe Plastic Recycling Market
- Europe Plastic Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Plastic Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Plastic Recycling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Plastic Recycling Market
7. Europe Plastic Recycling Market, By Source (USD Million)
7.1. Europe Plastic Recycling Market Value Share and Forecast, By Source, 2024-20337.2. Bottles7.3. Fibers7.4. Films7.5. Foams7.6. Others
8. Europe Plastic Recycling Market, By Polymer Type (USD Million)
8.1. Europe Plastic Recycling Market Value Share and Forecast, By Polymer Type, 2024-20338.2. High-density Polyethylene (HDPE)8.3. Low-density Polyethylene (LDPE)8.4. Polyethylene Terephthalate (PET)8.5. Polypropylene (PP)8.6. Polystyrene (PS)8.7. Polyurethane (PUR)8.8. Polyvinyl Chloride (PVC)8.9. Others
9. Europe Plastic Recycling Market, By Industry (USD Million)
9.1. Europe Plastic Recycling Market Value Share and Forecast, By Industry, 2024-20339.2. Aerospace and Defence9.3. Automotive9.4. Building & Construction9.5. Electrical and Electronics9.6. Furniture9.7. Packaging9.8. Textile and Clothing9.9. Others
10. Europe Plastic Recycling Market Forecast, 2020-2033 (USD Million)
10.1. Europe Plastic Recycling Market Size and Market Share
11. Europe Plastic Recycling Market, By Source, 2020-2033 (USD Million)
11.1. Europe Plastic Recycling Market Size and Market Share By Source (2020-2026)11.2. Europe Plastic Recycling Market Size and Market Share By Source (2027-2033)
12. Europe Plastic Recycling Market, By Polymer Type, 2020-2033 (USD Million)
12.1. Europe Plastic Recycling Market Size and Market Share By Polymer Type (2020-2026)12.2. Europe Plastic Recycling Market Size and Market Share By Polymer Type (2027-2033)
13. Europe Plastic Recycling Market, By Industry, 2020-2033 (USD Million)
13.1. Europe Plastic Recycling Market Size and Market Share By Industry (2020-2026)13.2. Europe Plastic Recycling Market Size and Market Share By Industry (2027-2033)
14. Europe Plastic Recycling Market, By Region, 2020-2033 (USD Million)
14.1. Europe Plastic Recycling Market Size and Market Share By Region (2020-2026)14.2. Europe Plastic Recycling Market Size and Market Share By Region (2027-2033)14.3. Belgium14.4. France14.5. Germany14.6. Italy14.7. Netherlands14.8. Russia14.9. Spain14.10. Switzerland14.11. The U.K.14.12. Turkey14.13. Rest of Europe
15. Company Profile
15.1. Alpek S.A.B. de C.V.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Borealis AG15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Dow15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Far Eastern New Century Corporation15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Indorama Ventures Public Company Limited15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Jayplas15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. LyondellBasell Industries Holdings B.V.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. MBA Polymers Inc.15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. PLASTIPAK HOLDINGS, INC.15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Recycled Plastics UK15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Repsol15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Veolia15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Plastic Recycling Market is projected to reach USD XX billion by 2033, growing at a CAGR of 4.8% during the forecast period.
Europe Plastic Recycling Market grew in market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of 4.8% during the forecast period.
Europe Plastic Recycling Market CAGR of 4.8% during the forecast period.
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Europe Plastic Recycling Market size is USD XX billion from 2024 to 2033.
Europe Plastic Recycling Market Segment is Covered By Source, By Polymer Type, By Industry
The Europe region is anticipated to have the highest market share in Europe Plastic Recycling Market.
The key players in the market include Companies Covered Alpek S.A.B. de C.V., Borealis AG, Dow, Far Eastern New Century Corporation, Indorama Ventures Public Company Limited, Jayplas, LyondellBasell Industries Holdings B.V., MBA Polymers Inc., PLASTIPAK HOLDINGS, INC., Recycled Plastics UK, Repsol, Veolia, Others
Plastic recycling faces many obstacles, one of which is that recycling plastic is more expensive than producing plastic from virgin ingredients.
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